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To: Redhook who wrote (11758)	3/30/1999 12:21:00 PM
From: John J H Kim	Respond to of 43080

Gilman + Ciocia, Inc. "e1040.com" Tax Preparation Web Site Averages One Million Hits Per Month Company Averaging 70 On-Line Tax Returns Per Day GREAT NECK, N.Y.--(BUSINESS WIRE)--March 30, 1999-- Gilman + Ciocia, Inc. (NASDAQ: GTAX - news) announced today that since the debut of its on-line tax preparation web site ''e1040.com'' in February, it has averaged one million hits per month and is averaging 70 on-line tax returns per day. Commenting on the announcement, Tom Povinelli, Chief Operating Officer of Gilman + Ciocia, Inc., said, ''We are very pleased to report that our e1040.com on-line tax preparation web site is experiencing very heavy traffic. The Company will soon be hiring an Internet media firm to sell commercial advertising space on the site. Our growth plans include the acquisition of suitable tax preparation web sites with existing revenue.'' Gilman + Ciocia, Inc. is the first publicly traded company to combine financial planning and tax preparation services. Headquartered in Great Neck, New York, Gilman + Ciocia now has over 150,000 clients with 156 offices in fifteen states. Forward-looking statements in this release are made pursuant to the ''safe harbor'' provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current management expectations that involve risks and uncertainties that may result in such expectations not being realized. Potential risks and uncertainties include, but are not limited to, the risks described in filings with the Securities and Exchange Commission.